Measures of the International Community and Iran Against Sanctions by Emphasizing the SWIFT’s International Payment System and De-Dollarization Considering the Resistance Economy

Governments commonly use economic sanctions to influence or weaken other countries’ policies. The United States employs the hegemony of dollar, as an international currency, and the international payment system, SWIFT, to follow its strategic aims of defensive economy and economic war. One of the most powerful economic tools is to cut a country’s access to SWIFT. America has turned SWIFT as an economic tool against other countries. Accordingly, this study seeks to find out what measures have been taken by the international governments, in particular Iran, to combat against the unilateral sanctions enforced by America. To answer the question, a descriptive-analytical method was used to investigate the performance of the international governments affected by sanctions, cryptocurrency, and alternative payment systems. The findings showed that America’s misuse of the financial international tools has resulted in de-dollarization, and creativity in employing alternative payment systems, which by its own account has resulted in regional monetary systems.